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Harrison added to T. Bailey Best Ideas fund

Harrison added to T. Bailey Best Ideas fund

T. Bailey has reshuffled its UK Best Ideas fund to incorporate a shift across its fund range towards the equity income sector.

In line with the change the Saracen Growth fund, managed by Jim Fisher, and the Liontrust First Growth fund, managed by Jeremy Lang, have been removed to make way for Leigh Harrison's Threadneedle UK Equity Alpha Income fund and Ben Whitmore's Jupiter UK Special Situations fund.

T. Bailey senior analyst, Elliot Farley, said the decision had been taken in order to reflect the view that UK Equity Income is going to enjoy a strong revival this year, especially within large-caps.

He added that Lang and Fisher had only been replaced as their products do not fit the current T. Bailey strategy, stressing they are still held in high regard by the group.
Farley said: 'In the current market equity income is demonstrating its real strength and we believe it will be one of the key places to find returns in the coming year. We were one of the first to invest in the Saracen Growth fund, and this one in particular has been a spectacular success for us, but in current market conditions we favour those funds with a large cap bias and a greater emphasis on income.'
 

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Jim Fisher
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45/151 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 58.81%
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